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← LOCAL 1102 HEALTH AND BENEFIT FUND

Form 990 for tax year 2023

Filed by LOCAL 1102 HEALTH AND BENEFIT FUND.

Totals

Total revenue
$31,342,972
Total expenses
$26,438,177
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$27,875,902
Investment income
$3,467,070
Other revenue
$0
Total assets, end of year
$154,670,220
Total liabilities, end of year
$6,585,464
Net assets or fund balances, end of year
$148,084,756
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $27,804,418 · related or exempt $27,804,418

  • 2b · Program service revenue: COBRA CONTRIBUTIONS

    total $71,484 · related or exempt $71,484

  • 3 · Investment income

    total $2,747,963 · related or exempt $2,747,963

  • 7a · Gross sales of assets other than inventory

    securities $48,591,536

  • 7b · Less cost or other basis and sales expenses

    securities $47,872,429

  • 7c · Gain or loss

    securities $719,107

  • 7d · Net gain or loss

    total $719,107 · related or exempt $719,107

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $23,626,474

  • 7 · Other salaries and wages

    total $1,269,929

  • 8 · Pension plan contributions

    total $187,104

  • 9 · Other employee benefits

    total $237,680

  • 10 · Payroll taxes

    total $98,481

  • 11b · Fees: legal

    total $121,404

  • 11c · Fees: accounting

    total $38,648

  • 11f · Fees: investment management

    total $373,091

  • 13 · Office expenses

    total $78,884

  • 14 · Information technology

    total $106,609

  • 16 · Occupancy

    total $158,121

  • 17 · Travel

    total $1,035

  • 23 · Insurance

    total $44,865

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $46,047

  • 24b · Other expenses: CONSULTANT

    total $32,713

  • 24c · Other expenses: MAINTENANCE

    total $17,092

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,273,804 · end of year $3,697,064

  • 2 · Savings and temporary cash investments

    beginning of year $1,931,290 · end of year $340,454

  • 4 · Accounts receivable

    beginning of year $784,035 · end of year $477,166

  • 11 · Investments: publicly traded securities

    beginning of year $123,427,943 · end of year $149,237,407

  • 15 · Other assets

    beginning of year $980,404 · end of year $918,129

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,833 · end of year $23,500

  • 25 · Other liabilities

    beginning of year $5,262,710 · end of year $6,561,964

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $124,094,933 · end of year $148,084,756

Mission and programs · 2023

Mission

V.E.B.A. FUND

Activities or mission (Part I)

TO PROVIDE HOSPITAL, SURGICAL, MAJOR MEDICAL, DENTAL, PRESCRITPION DRUG AND OTHER BENEFITS TO ITS PARTICIPANTS AND DEPENDENTS.

  • TO PROVIDE HOSPITAL, SURGICAL, MAJOR MEDICAL, DENTAL, PRESCRIPTION DRUG AND OTHER BENEFITS TO ITS PARTICIPANTS AND DEPENDENTS.

As filed on the 2023 return.

Listed in Part VII

  • LARRY BIENENFELD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • NAVINDRA RAMNARAIN

    TRUSTEE

    Total calculated
    $384,871
    From this org
    $0
    From related orgs
    $304,683
    Other
    $80,188
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,683 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $53,665 related
    Nontaxable benefits
    $0 + $26,523 related
    Filer's total
    $0 + $384,871 related

  • RYAN BRUNET

    TRUSTEE

    Total calculated
    $319,387
    From this org
    $0
    From related orgs
    $263,625
    Other
    $55,762
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,625 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $42,185 related
    Nontaxable benefits
    $0 + $13,577 related
    Filer's total
    $0 + $319,387 related

  • FRANCIS BURKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • ROGER GROBSTICH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • JACK CAFFEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • IRA SILVER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • ANGELO CIONE

    DIRECTOR OF INTERNAL OPERA

    Total calculated
    $330,714
    From this org
    $0
    From related orgs
    $263,893
    Other
    $66,821
    Hours/week
    9 + 31 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,893 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $41,008 related
    Nontaxable benefits
    $0 + $25,813 related
    Filer's total
    $0 + $330,714 related

  • THOMAS F ROWLAND

    COO

    Total calculated
    $335,655
    From this org
    $0
    From related orgs
    $274,229
    Other
    $61,426
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,229 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $41,117 related
    Nontaxable benefits
    $0 + $20,309 related
    Filer's total
    $0 + $335,655 related

  • JOHN SLOANE

    ASSISTANT CONTROLLER

    Total calculated
    $224,751
    From this org
    $0
    From related orgs
    $174,727
    Other
    $50,024
    Hours/week
    9 + 31 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,727 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,508 related
    Nontaxable benefits
    $0 + $21,516 related
    Filer's total
    $0 + $224,751 related

  • JENNIFER DELEONARDIS

    HEALTH FUND MANAGER

    Total calculated
    $187,177
    From this org
    $0
    From related orgs
    $138,960
    Other
    $48,217
    Hours/week
    19 + 21 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,960 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,219 related
    Nontaxable benefits
    $0 + $25,998 related
    Filer's total
    $0 + $187,177 related

  • MICHAEL GERBE

    IT MANAGER

    Total calculated
    $195,915
    From this org
    $0
    From related orgs
    $148,627
    Other
    $47,288
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,627 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,870 related
    Nontaxable benefits
    $0 + $22,418 related
    Filer's total
    $0 + $195,915 related

  • MICHAEL PATANE

    CONTROLLER

    Total calculated
    $183,528
    From this org
    $0
    From related orgs
    $137,802
    Other
    $45,726
    Hours/week
    9 + 31 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,802 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,865 related
    Nontaxable benefits
    $0 + $22,861 related
    Filer's total
    $0 + $183,528 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
3 May 2024
IRS schema version
2023v5.0
Source object
202441279349300234

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